eToro Group (NASDAQ:ETOR) Given New $54.00 Price Target at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its price target decreased by The Goldman Sachs Group from $60.00 to $54.00 in a research report report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Mizuho lowered their price target on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Susquehanna cut their price objective on eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Citigroup cut their price objective on eToro Group from $62.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. UBS Group dropped their price target on eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.76.

eToro Group Stock Down 0.7%

Shares of ETOR opened at $39.08 on Tuesday. The stock’s 50-day moving average price is $44.80. eToro Group has a one year low of $37.73 and a one year high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. The firm’s quarterly revenue was up 13.3% on a year-over-year basis.

Hedge Funds Weigh In On eToro Group

Several hedge funds have recently made changes to their positions in ETOR. Farther Finance Advisors LLC purchased a new position in shares of eToro Group during the third quarter worth about $1,996,000. Exchange Traded Concepts LLC lifted its position in shares of eToro Group by 27.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 71,391 shares of the company’s stock valued at $2,946,000 after acquiring an additional 15,393 shares during the period. Voya Investment Management LLC purchased a new position in shares of eToro Group during the 3rd quarter worth approximately $894,000. Squarepoint Ops LLC purchased a new position in shares of eToro Group during the 2nd quarter worth approximately $1,270,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in eToro Group in the 2nd quarter worth approximately $82,000.

About eToro Group

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